Back in the early days of ecommerce, fraudulent transactions were, unfortunately, commonplace. Hackers would use stolen card data to pay for goods online and merchants would have to cover the costs themselves. It was difficult for a merchant to defend a chargeback against a disputed..

Back in the early days of e-commerce, fraudulent transactions were, unfortunately, commonplace. Hackers would use stolen card data to pay for goods online and merchants would have to cover the costs themselves. It was difficult for a merchant to defend a chargeback against a disputed payment. To help combat this, Visa developed a protocol (since adopted by MasterCard and..